Latest News from IBI
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Volvo Group reports higher Q2 sales and earnings
Volvo Penta Q2 order intake up 13% as overall profitability grows for Swedish engine builder
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Interview: Cannes Yachting Festival director on growth, innovation and managing demand
Constance Brément discusses the event’s evolution, expansion plans, sustainability initiatives and why exhibitor demand is now outstripping available space
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French lawmakers propose ban on superyachts over 50m
The private member’s bill would prohibit large recreational yachts from using French ports and territorial waters
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Vision Marine posts 27% sequential revenue growth
The electric propulsion and boat retail group has reported sales of US$48.6m for the first nine months of fiscal 2026
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Vitters achieves fossil-free superyacht breakthrough with Yacht Zero launch
The 69m ketch is said to be the first of her size to run solely on renewable energy without compromising comfort or range
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Major German contract fuels Marine Alutech’s growth
The order is one of the largest in the company’s history
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Women in Marine returns to Southampton show with focus on career opportunities
The British Marine event will bring together female professionals from across manufacturing, superyachts, brokerage and marine law to highlight the range of careers available in the sector
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Hydro Tec names new executive vice president
Myriam Cutolo has been appointed to the newly created role as the Italian naval design firm strengthens its management structure
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Brunswick Corp wins eight dotCOMM Awards for online marketing
US builder receives worldwide recognition for its online marketing efforts
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Former NMMA staffers join Boats Group for Industry Relations roles
Alisdair Martin and Freya Olsen bring decades of combined experience with the NMMA, MRAA, and leading marine businesses.
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Tureddi Yachts appoints UK and Ireland sales director
Richard Cottrell to lead Italian builder’s commercial activities across the UK and Ireland
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Sailfish Boats expands dealer network with five new partners
US builder strengthens availability of its inshore and offshore fishing boats
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Dan-Bunkering sponsors 2026 African Boating Conference
The marine fuel supplier backs the Cape Town event as it steps up its support for Africa’s growing superyacht sector
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Nauta refreshes 40m Abeking & Rasmussen sailing yacht
The company has refreshed the interior of 4K, updating finishes, furnishings and décor before its sale for €8.5m
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New Wire Marine expands manufacturing facility
US marine electrical systems manufacturer invests US$2m to increase production capacity and create new jobs
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Whisper Marine acquires Crownline Boats
US pontoon boat manufacturer expands into the sport, deck and cruiser segments with the acquisition of one of America’s longest-established recreational boat brands
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Dometic Q2 marine business grows despite softer US market
Second-quarter marine sales rose 3% organically as aftermarket demand offset weaker OEM activity, as higher costs and West Marine bankruptcy weigh on group earnings
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Finnmaster expands dealer network with five international appointments
New dealer partners in Egypt, Finland, Latvia, Lithuania and South Korea for the Grandezza, Finnmaster and Husky Boat brands
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Numarine strengthens global sales team
Turkish builder appoints Bogdan Gusarev for Europe and CIS, expands Salih Küçükoğlu’s role to include Turkey with MENA and APAC
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Informa Markets hires Italian representative to expand US boat show access
Cristina Fonzar will support Italian exhibitors and business development across Informa’s portfolio of US shows
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ExploMar-powered XNRG defends Monaco Endurance title in Force 4 conditions
The XNRG 8.3m RIB equipped with ExploMar’s WAVE 300 electric outboard successfully defended its 16Nm Endurance Championship at the 2026 Monaco Energy Boat Challenge
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Ocean Power Technologies demonstrates autonomous offshore drone charging
OPT deployed PowerBuoys with Rutgers University to replace a cable-based monitoring system, providing offshore power and communications without permanent infrastructure
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Wisconsin marina sold for US$5.8m
The Connecticut-based Grove Point Marinas has acquired Southport Marina in Kenosha, according to Wisconsin state records
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Feadship strengthens Royal Van Lent sales team
The Dutch superyacht builder appoints Robert Drontmann and promotes Xavier Soubeyran as it expands its client-facing commercial team
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Malibu Boats refinances credit facility through 2031
New term loan capacity of US$100m and a US$250m revolving facility replace the existing credit line in a refinancing with Truist Bank
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Middle East update: Qatar suspends maritime activities until further notice as the country mourns the late Father Emir; tensions continue to mount in the Straits of Hormuz
As tensions escalate in the Gulf, Qatar’s temporary suspension of maritime activities raises fresh questions for the recreational marine sector
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Turkish shipbuilding exports on course for record 2026
Turkey’s yacht and shipbuilding sector expects exports of up to US$3bn
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Putin puts AkzoNobel’s Russia subsidiaries in temporary external administration
The move affects operations representing less than 2% of the company’s total revenue
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Leadership appointment at GOST
GOST expands marine expertise by naming Parrish Westbrook as vice president
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Satellite ‘space race’ ignites in SA as Starlink delays open door for global rivals
UK-based Avanti, Amazon’s Project Kuiper, and Chinese contender CSNC are accelerating efforts to enter the South African market
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Azimut launches Grande 44M flagship ahead of Cannes debut
New superyacht combines carbon fibre construction, Hull Vane technology and mild hybrid propulsion, with seven units already sold
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Vietnam tourist boat capsizes, killing 15
Reports say 32 Indians and four crew were on board the vessel
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Archipelago and Chartwell demonstrate methanol-powered range extender
UK companies successfully test methanol-powered range extender designed to extend the range of battery-electric vessels as they move towards commercial deployment
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Ocean Signal recognised with King’s Award for Enterprise at royal reception
The UK safety equipment manufacturer was honoured at St James’s Palace for innovation behind its rescueME PLB3 personal locator beacon
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Twin Vee PowerCats to merge with USFM as marine business goes private
The US builder will merge with mineral developer USFM Corporation while spinning off its Twin Vee and Bahama Boat Works brands into private ownership
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Sensar Marine and SailTies partner on automated digital voyage logging
The new service enables Sensar Marine users to automatically transfer voyage data into the SailTies digital logbook
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Aspen unveils new C110 cruising catamaran
New flagship outboard model offers choice of asymmetric or twin-engine configuration
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Boomeranger makes major investment in drone boats
The Finnish builder is investing €3m to expand its factory and begin producing USVs
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World Cat introduces new hybrid design strategy
North Carolina boat builder’s 235HB Hybrid reflects new design approach aimed at combining fishing, cruising and watersports applications
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Cantiere delle Marche names new sales manager
Filippo Buonpensiere has worked for the Italian superyacht builder for six years
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NatPower Marine acquires Aqua superPower to accelerate global marine electrification
The acquisition brings Europe’s largest international electric boat charging network into NatPower Marine’s platform as the company targets wider deployment across ports and marinas
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Brunswick targets lifestyle retail with new brand licensing strategy
Boat, engine and marine equipment builder partners with apparel manufacturer Changes Inc to extend the commercial reach of its brands and broaden consumer engagement through lifestyle merchandise
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Turkish superyacht law firm opens Hamburg office
The firm’s founder has also been admitted to the Hanseatic Bar Association Hamburg, expanding the practice’s cross-border advisory capabilities across Turkey and Europe
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Flux Marine sets sights on EU after full CE certification
The US electric outboard manufacturer has completed CE certification for its FM115 propulsion system and is now targeting OEM and dealer partnerships across Europe
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Sanlorenzo launches first Heritage model ahead of Cannes debut
Italian builder’s new SHE yacht draws on 1960s design language, with five units sold prior to September showcase
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Yacht Sales International appointed Oceanwalker dealer for US and Caribbean
The exclusive agreement with Revolution Marine Group brings the Oceanwalker S60 power catamaran to the Americas, while the electric S60e is scheduled to arrive in late 2026
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Leadership appointment at Suzuki Marine USA
Brandon Cerka named EVP, sales, marketing and service
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Cockwells delivers first Duchy 35 to US owner
The Cornish boat builder expands North American presence as first Duchy 35 arrives in Rhode Island
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